2023 Consolidated Financial Statements and Notes
AIR CANADA
2023 Consolidated Financial Statements and Notes
Maturity Analysis
Principal and interest repayment requirements as at December 31, 2023 on Long-term debt and lease liabilities are as
follows. U.S. dollar amounts are converted using the December 31, 2023 closing rate of CDN$1.3243.
Principal
2024
2025
2026
2027
2028
Total
Thereafter
(Canadian dollars in millions)
Long-term debt obligations (1)
$
359
$ 1,092 $ 2,337 $ 1,032 $
4,222 $
2,631 $ 11,673
Air Canada aircraft
337
320
260
211
144
105
1,377
Regional aircraft
144
138
50
40
39
300
711
Land and buildings
26
27
27
28
27
314
449
Lease liabilities
507
485
337
279
210
719
2,537
Total long-term debt and lease
liabilities
$
866
$
1,577
$ 2,674
$
1,311
$
4,432
$
3,350 $
14,210
Interest
2024
2025
2026
2027
2028
Thereafter
Total
(Canadian dollars in millions)
Long-term debt obligations (1)
$
630
$
604
$
546
$
451
$
323
119 $
2,673
Air Canada aircraft
71
54
39
26
16
7
213
Regional aircraft
35
26
20
18
16
55
170
Land and buildings
24
Lease liabilities
130
102
22
22
21
20
18
220
325
80
64
50
282
708
Total long-term debt and lease
liabilities
$
760
$
706 $
626 $
515
$
373
$
401
$ 3,381
(1) Assumes the principal balance of the convertible notes, $363 million (US$274 million), remains unconverted and includes estimated interest
payable until maturity in 2025. The full principal balance of $1,273 million for the unsecured credit facility is included and the carrying value is
described in Note 8(c).
Principal repayments in the table above exclude discounts and transaction costs of $130 million which are offset against
Long-term debt and lease liabilities in the consolidated statement of financial position.
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